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Update on Funding Negotiations
FIRESTONE ENERGY LIMITED
(Incorporated in Australia)
(Registration number ABN 058 436 794)
Share code on the JSE Limited: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
(SA company registration number 2008/023973/10)
("FSE" or "the Company")
About Firestone Energy
Firestone Energy Limited is an
independent, Australian exploration and
development company listed on the
Australian Stock Exchange Ltd (ASX) and
the Johannesburg Stock Exchange (JSE).
Update on Funding Negotiations Firestone Energy has entered into a Joint
Venture with Sekoko Resources (Pty) Ltd
through which Firestone Energy has
acquired the right to 60% participation
interests in the Waterberg Coal Project
Firestone Energy Limited (ASX/JSE:FSE) (“Firestone” or the located in Lephalale area, Limpopo Province,
South Africa.
“Company”) had previously advised that the Company was in
negotiations with third parties regarding future funding for Firestone. The first stage of the project is to develop the
Smitspan mine which has a substantial
The Company has entered into discussions with interested parties measured thermal coal resource and to
and is currently in the early stages of formulating offers which are develop the Vetleegte mine which is a
expected to transpire over the next two week period. The Company substantial metallurgical coal deposit.
expects to make an announcement regarding the outcome of these Firestone Energy is committed to becoming a
negotiations before 26 April 2013. profitable independent coal and energy
producer at its projects in South Africa,
thereby making a substantial contribution to
the social and economic development of the
Lephalale area and South Africa.
Corporate Details
ASX: FSE
JSE: FSE
Yours sincerely, Issued Capital:
3,549 million ordinary shares
Major Shareholders:
Sekoko Resources (Pty) Ltd
Linc Energy Ltd
David Knox BBY Nominees Pty Ltd
Bell Potter Nominees Ltd
Chief Executive Officer
www.firestoneenergy.com.au Directors and Officers
Tel: Australia (+61 08 9287 4600)
Non Executive Directors:
South Africa (+27 11 706 3548) Mr Tim Tebeila (Chairman)
David Perkins (Deputy Chairman)
Dr Pius Kasolo
Ben Mphahlele
Kobus Terblanche
16 April 2013 Oren Zohar
Johannesburg Jack James
Sponsor Officers:
River Group Mr David Knox CEO
Ms Amanda Matthee CFO
Mr Jerry Monzu Company Secretary
Contact:
Suite B9, 431 Roberts Road
Subiaco, Western Australia 6008
Tel: +61 (08) 9287 4600
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